Bearish divergence: RSI creates an overbought reading followed by a lower high that matches corresponding higher highs on the price.
Head and Shoulders Pattern. Looking at buying at the support level.
Monitoring FOREXCOM:NZDUSD closely for LONG entry. I would only enter the trade after price breaks resistance level and after this level is retested and breakout confirmed.
- Price at top of the channel - @1.0000 close to psychological level.
1.85 - 1.86 is strong support and the most recent correction move towards the down trendline, but failed to break through twice. Expecting more down movement.